Johnson Investment Counsel Inc. Sells 3,755 Shares of McDonald's Corporation $MCD

Key Points

• Johnson Investment Counsel Inc. reduced its stake in McDonald's Corporation by 1.2%, selling 3,755 shares and holding 317,780 shares worth approximately $92.8 million.
• Insiders at McDonald's, including CMO Edith Morgan Flatley and EVP Desiree Ralls-Morrison, sold significant amounts of stock, indicating a decrease in their ownership positions.
• Analysts have varied price targets for McDonald's, with the consensus target now set at $325.18, reflecting several recent rating changes, including an upgrade from Goldman Sachs to a "buy".

Johnson Investment Counsel Inc. decreased its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,780 shares of the fast-food giant's stock after selling 3,755 shares during the period. Johnson Investment Counsel Inc.'s holdings in McDonald's were worth $92,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCD. First American Trust FSB grew its position in shares of McDonald's by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA grew its position in shares of McDonald's by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Hamilton Capital LLC grew its position in shares of McDonald's by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant's stock valued at $982,000 after purchasing an additional 819 shares during the last quarter. Red Door Wealth Management LLC grew its position in shares of McDonald's by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of McDonald's by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after purchasing an additional 18,393 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the transaction, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. The trade was a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,402 shares of company stock worth $1,973,407. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Piper Sandler upped their target price on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Melius assumed coverage on McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. Guggenheim reduced their price target on McDonald's from $310.00 to $295.00 and set a "neutral" rating on the stock in a research report on Friday. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $325.18.

McDonald's Stock Performance

Shares of MCD stock opened at $297.07 on Friday. The stock's fifty day moving average price is $306.31 and its two-hundred day moving average price is $305.74. The company has a market cap of $211.99 billion, a PE ratio of 25.46, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. On average, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.

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